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Preferences, Consumption Smoothing and Risk Premia
Lettau, M.; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 1997
Risk premia in the consumption capital asset pricing model depend on preferences and dividend. We develop a … of a preference-based stochastic discount factor for pricing assets with respect to the consumption innovation. Depending … individual consumption. …
Persistent link: https://www.econbiz.de/10011090587
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Pension Systems and the Allocation of Macroeconomic Risk
Bovenberg, A.L.Bovenberg; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2006
risk-sharing between generations.Third, persistent increases in longevity will lead to lower total consumption of the old … young ensure smooth consumption of the old.Second, consumption of the young and the old always move in the same direction … (and thus certainly lower per-period consumption of the old) as well as the young as well as higher work effort of the …
Persistent link: https://www.econbiz.de/10011092829
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Health and Wealth of Elderly Couples : Causality Tests Using Dynamic Panel Data Models
van soest, arthur; Michaud, P.C. - Tilburg University, Center for Economic Research - 2004
A positive relationship between socio-economic status (SES) and health, the so-called \health-wealth gradient", is … analyzes causality from health to wealth (health causation) and from wealth to health (wealth or social causation) for elderly … no causality from wealth to husband's or wife's health, the tests in the dynamic panel data model do not provide evidence …
Persistent link: https://www.econbiz.de/10011092832
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Simple and Complex Gift Exchange in the Laboratory
van der Heijden, Eline; nelissen, jan; Potters, Jan; … - Tilburg University, Center for Economic Research - 1999
We examine an experimental gift exchange game in which the players can improve upon the unique no-gifts equilibrium through cooperative gift giving. The main feature of the study is that there are two different types of gift exchange, which we call simple and complex exchange, respectively....
Persistent link: https://www.econbiz.de/10011092741
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Altruism and fairness in a public pension system
van der Heijden, Eline; nelissen, jan; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 1995
In this paper it is empirically investigated whether feelings of altruism towards members of other generations and senses of justice have an impact on the individual s evaluation of the public pension system. The data have been obtained from a large-scale survey carried out among a...
Persistent link: https://www.econbiz.de/10011090542
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Transfers and reciprocity in overlapping generations experiments
van der Heijden, Eline; nelissen, jan; Potters, Jan; … - Tilburg University, Center for Economic Research - 1995
We experimentally investigate the development of voluntary transfers in an overlapping generations environment. By varying the information conditions of the game, we study whether the development of transfers is related to the possibility of future generations to monitor and reciprocate...
Persistent link: https://www.econbiz.de/10011090845
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A cross-cultural study of reciprocity, trust and altruism in a gift exchange experiment
van der Heijden, Eline; Lensberg, T. - Tilburg University, Center for Economic Research - 1998
Persistent link: https://www.econbiz.de/10011091218
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Weighted Constrained Egalitarianism in TU-Games
Koster, M.A.L. - Tilburg University, Center for Economic Research - 1999
weighted Lorenz-criterion as an inequality measure. It is shown that in general there is at most one such weighted egalitarian …
Persistent link: https://www.econbiz.de/10011090971
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A Method For Approximating Univariate Convex Functions Using Only Function Value Evaluations
Den Hertog, Dick; Siem, A.Y.D.; Hoffmann, A.L. - Tilburg University, Center for Economic Research - 2007
In this paper, piecewise linear upper and lower bounds for univariate convex functions are derived that are only based on function value information. These upper and lower bounds can be used to approximate univariate convex functions. Furthermore, new Sandwich algo- rithms are proposed, that...
Persistent link: https://www.econbiz.de/10011092687
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Measuring the Power of Nodes in Digraphs
Talman, Dolf; Herings, P.J.J.; van der Laan, G. - Tilburg University, Center for Economic Research - 2001
Persistent link: https://www.econbiz.de/10011092774